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SARS releases trade statistics for July 2016

SARS releases trade statistics for July 2016 - [http://mobileadvertisingwatch.com/wp-content/uploads/2014/05/New-Global-Stats-for-App-Based-Mobile-Advertising.jpg] SARS releases trade statistics for July 2016 - [http://mobileadvertisingwatch.com/wp-content/uploads/2014/05/New-Global-Stats-for-App-Based-Mobile-Advertising.jpg]

The South African Revenue Service (SARS) today releases trade statistics for July 2016 recording a trade balance surplus of R5,22bn. The cumulative trade balance surplus (01 January to 31 July 2016) of R17,40bn is an improvement on the deficit for the comparable period in 2015 of R24,67bn. These statistics include trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS).

Including trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS)

The R5,22bn trade balance surplus for July 2016 is attributable to exports of R95,72bn and imports of R90,50bn. Exports for the year-to-date grew by 10,1% from R592,22bn to R652,07bn.Imports for the year-to-date of R634,67bn are 2,9% more than the imports recorded in January to July 2015 of R616,89bn.

On a year-on-year basis, July 2016’s R5,22bn trade balance surplus is an improvement from the deficit recorded in July 2015 of R1.67 billion. Exports of R95,72bn are 3,5% more than the exports recorded in July 2015 of R92,48bn. Imports of R90,50bn are 3.9% less than the imports recorded in July 2015 of R94,15bn.

June 2016’s trade balance surplus was revised downwards by R0.06bn from the previous month’s preliminary surplus of R12,53bn to a revised surplus of R12,47bn as a result of ongoing Vouchers of Correction (VOC’s). Exports decreased from June 2016 to July 2016 by R9,44bn (9.0%) and imports decreased from June 2016 to July 2016 by R2,18bn (,.4%).

Click here for Merchandise Trade Statistics July 2016

Trade highlights by category-  The main month-on-month export movements: R’ million Sections: Including BLNS:

  • Precious Metals and Stones - R 5 312 - 22%
  • Base Metals - R 1 257 - 11%
  • Vegetable Products - R 635 - 9%
  • Mineral Products - R 614 - 3%
  • Wood Pulp and Paper - R 366 - 18%
  • Vehicles and Transport Equipment + R 532 + 4%       
  • The main month-on-month import movements:

  • Machinery and Electronics - R 1 419 - 6%
  • Equipment Components - R 865 - 10%
  • Chemical Products - R 495 - 5%
  • Animal / Vegetable Fats + R 363 + 63% Base Metals + R 433 + 9%

 

Trade highlights by world zone

The world zone results from June 2016 (Revised) to July 2016 are given below.

Africa:

Exports: R25 855million – this is a decrease of R2 189 million from June 2016. Imports: R10 415 million – this is an increase of R1 285 million from June 2016. Trade Balance surplus: R15 440 million – this is a 18.4% decrease in comparison to the R18 914 million surplus recorded in June 2016.

America:

Exports: R8 692 million – this is a decrease of R1 675 million from June 2016. Imports: R9 531 million – this is a decrease of R1 581 million from June 2016. Trade Balance deficit: R 839 million – this is a 12.7% increase in comparison to the R744 million deficit recorded in June 2016.

Asia:

Exports: R26 524 million – this is a decrease of R2 431 million from June 2016. Imports: R38 816 million – this is a decrease of R1 654 million from June 2016. Trade Balance deficit: R12 292 million – this is a 6.7% increase in comparison to the R11 516 million deficit recorded in June 2016.

Europe: Exports:

R23 464 million – this is a decrease of R3 291 million from June 2016. Imports: R30 075 million – this is a decrease of R660 million from June 2016. Trade Balance deficit: R6 611 million – this is a 66.1% increase in comparison to the R3 979 million deficit recorded in June 2016.

Oceania:

Exports: R1 059 million – this is a decrease of R225 million from June 2016. Imports: R1 598 million – this is an increase of R395 million from June 2016. Trade Balance deficit: R539 million – this is a deterioration in comparison to the R81 million surplus recorded in June 2016.

Trade highlights by world zone The world zone results for Africa excluding BLNS from June 2016 (Revised) to July 2016 are given below. Africa:

Exports: R14 570 million – this is a decrease of R1 329 million from June 2016. Imports: R7 800 million – this is an increase of R1 403 million from June 2016. Trade Balance surplus: R6 770 million – this is a 28.8% decrease in comparison to the R9 503 million surplus recorded in June 2016.

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